Fitch: Eximbank bonds AAA(twn)

Fitch Ratings said it assigned an AAA(twn) national long-term rating to the Export-Import Bank of the Republic of China's (Taiwan's Eximbank) proposed five-year NT$2 billion senior unsecured bonds.

The bond carries a fixed coupon rate and matures May 30, 2017.

The bond is rated at the same level as Taiwan Eximbank's national long-term rating of AAA(twn), which has a stable outlook, the agency said, and that is in compliance with the agency's criteria on senior unsecured bond instruments of financial institutions.

The bond issue is aimed at securing stable and term funding. For a detailed credit profile on Taiwan's Eximbank, see Fitch's credit report dated 29 November 2011.

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